Moving along, at the end of January, Chevron reported its 4th quarter 2022 financial results. Second, Chevron Corporation (CVX) is a leading integrated energy company that operates across the entire energy value chain, including exploration, production, refining, and marketing. Meanwhile, on Friday afternoon, shares of Honeywell International stock are trading at $197.26 a share. Though, over the last 5 trading days HON stock has recovered by 2.90%. Since the start of 2023, shares of HON stock have dropped by 7.96%. What’s more, Honeywell also reported a 6.1% increase in revenue versus the same period, the previous year. This came in slightly higher than analysts’ expectations for the quarter which was earnings estimates of $2.49 per share, with revenue estimates of $9.3 billion. In the report, HON notched in earnings of $2.52 per share, with revenue of $9.2 billion. Last month, the company announced its fourth-quarter 2022 financial results. (HON) is a diversified technology and manufacturing company that operates across various industries, including aerospace, building technologies, and performance materials. Dow Jones Industrial Average Stocks To Watch With this in mind, let’s dive into three dow jones industrial average stocks to watch in the stock market this week. As a result, investors can make more informed decisions and potentially achieve their investment objectives. To manage risk, it is important to remember the risks associated with investing in individual stocks. The Dow, being barely up 2.7% year-to-date, also has some catching up to do but is looking more perky of last as it is seen to rapidly approach its January-to-February highs at 34,331.47 to 34,342.32, having this week broken out of its December-to-April downtrend channel.Overall, investing in DJIA stocks can provide investors with a way to diversify their investment portfolio while potentially achieving long-term growth. How do other laggards such as the Dow fare? Over the coming days and weeks the November-to-April support line at 19,590 may act as support, as may the 200-day simple moving average (SMA) at 19,497, but a currently unexpected fall through the 18,829.11 March low would call for further downside being seen. The index needs to rise and close on a daily chart closing basis above its early March high at 21,005.66 for it to resume its ascent which began in November of last year. The index so far only managed to retrace 50% of its February-to-April decline and even then has been capped by this level and the early March high at 21,005.66 whilst remaining below its 55-day simple moving average (SMA) at 20,548.59. Major global equity indices comparison chart Its year-to-date performance of over 10% is in line with and even slightly better than that of several of its US peers such as the US 500 with 8.5%, for example, whilst it is also faring better than laggards such as the Wall Street (Dow), Hong Kong HS50 and US Russell 2000. When looking beyond US and European equity indices, several of the latter trading in fresh one-year highs, the focus falls on Asia and, for example, the Japan 225. Having said that, the impact the banking crisis has had on lending activity and credit conditions will also have its part to play and may still dampened the mood, as may more negative economic data which could point to a hard landing of the US economy. With negative guidance abounding and earnings estimates having been pruned in recent weeks, further positive earnings surprises might be in the pipeline. Now that the Q1 earnings season got off to a good start on Friday which saw JPMorgan Chase & Co (All Sessions)’s profit climb 52% year-on-year to $12.6 billion, or $4.10 a share, widely beating estimates, the question is whether other Q1 earnings, not just in the banking sector, can follow suit. Weaker economic data which point to a likely recession in the US later this year, together with lower-than-expected US Consumer Price and Producer Price inflation (CPI and PPI) provided just enough bad news to give markets fresh hope that the Federal Reserve (Fed) will pause its hiking cycle beyond the next meeting, boosting global equity indices once more. Global stock markets have been on an upward trajectory since March and seem to have shrugged off the banking crisis with the likes of the US Tech 100 rising by over 20% year-to-date and the French France 40 trading in new all-time record highs. Global stock markets have resumed their 2023 ascents
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